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CIBC (CM, CM.TO) and PrivateBancorp Inc.(PVTB) announced that they have entered into an amended merger agreement. As per the Amended Agreement, PrivateBancorp stockholders will receive, upon completion of the proposed merger with CIBC, US$24.20 in cash and 0.4176 of a CIBC common share for each share...

Saudi Arabian Oil Co. has appointed JPMorgan Chase & Co., Morgan Stanley and HSBC Holdings Plc for key roles on its initial public offering, according to reports citing people familiar with the matter. The global banks will act as advisers on the listing, the reports said. Saudi Arabia is aiming...

Verizon Enterprise Solutions and Equinix announced that Verizon has agreed to resell Equinix colocation and interconnection services around the globe. Verizon said the reseller agreement enables the company to pair colocation and interconnection services in Equinix International Business Exchange data...

Genuine Parts Co. (GPC) Thursday said it has entered into a definitive strategic agreement with Inenco Group, whereby Inenco will issue new shares to Genuine Parts, representing a 35% stake in Inenco for approximately $70 million in cash. The effective date of the investment is April 3. The parties...

General Electric Co. (GE) said that GE Capital's non-U.S. activities are no longer subject to consolidated supervision by the UK's Prudential Regulation Authority or PRA. This completes GE Capital's global exit from consolidated supervision, having had its designation as a Systemically Important...

VMware Inc. (VMW) said that it has entered into a Stock Purchase Agreement with Dell Technologies Inc., under which VMware agreed to purchase $300 million worth of VMware Class A Common Stock currently held by a Dell subsidiary. This $300 million Stock Purchase Agreement is part of the company's previously...

VF Corp. (VFC) introduced the company's 2021 strategic growth plan which targets: revenue through 2021 to grow at a five-year compounded annual growth rate (CAGR) between 4 percent and 6 percent; earnings per share growth at a five-year CAGR of between 10 percent and 12 percent. The company expects to...

Boston Scientific Corp. (BSX) announced Thursday a definitive agreement to acquire Symetis SA, a privately-held Swiss structural heart company, for $435 million in up-front cash. The company expects the acquisition will expand treatments for patients with valvular heart disease and strengthen its...

Thomas Cook Group plc (TCKGY.PK, TCG.L) Thursday said its Belgium unit intends to use Brussels Airlines for the majority of its flight requirements. Under the partnership deal, the operations of Thomas Cook Airlines Belgium or TCAB, Thomas Cook's in-house airline which currently serves the Belgian...

Shire plc (SHP.L, SHPG) announced its partner in Japan, Shionogi & Co., Ltd, has received the approval of the Japanese Ministry of Health, Labor and Welfare to manufacture and market INTUNIV, a once-daily non-stimulant indicated for the treatment of attention deficit/hyperactivity disorder in children...

BayWa AG (BYWG) announced the company plans to significantly increase earnings in the agricultural sector in 2017, thereby also raising Group EBIT. The Group also expects renewable energies and fruit EBIT to be strong in 2017. BayWa expects a further rise in global agricultural trade sales volumes....

Swedish retailer Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its first-quarter profit after financial items amounted to 3.21 billion Swedish kronor, lower than last year's 3.33 billion kronor. Profit after tax amounted to 2.46 billion kronor, down from 2.55 billion kronor a...

German logistics firm Hamburger Hafen und Logistik AG (HHULF.PK, HHULY.PK), or HHLA, Thursday said it expects stable performance for fiscal 2017, after reporting slightly better result in 2016. In view of the partially volatile operating environment, an operating result or EBIT in the range of 130...

Solar energy equipment supplier SMA Solar Technology AG (SMTGF.PK) reported Thursday that its fiscal 2016 net income more than doubled to 29.6 million euros from last year's 14.3 million euros. Earnings per share mounted to 0.85 euros, higher than 0.41 euros a year ago. SMA Group sales were 946.7...

Shares of Extreme Networks, Inc. (EXTR) gained around 17 percent in the after-hours trading on Wednesday after the company announced an agreement to buy the data center networking business of Brocade Communications Systems, Inc. for $55 million in cash. The company signed an agreement with Broadcom...

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